Mid-year Gems and Jewellery Emporium-2016 opens

MID-year Gems and Jewellery Emporium for 2016 kicked off yesterday at Maniyadana Jade Hall in Nay Pyi Taw, with a visit by Vice President U Henry Van Thio.
Before the inspection visit to the emporium, the Vice President and Union ministers watched the documentary on history of Myanmar gems and jewellery sales, arrangement for the 2016 Gems and Jewellery Emporium and display of jade stones and gems.
Nearly 6,000 jade lots will be exhibited at the mid-year emporium from 22nd to 29th November while 439 lots of gems will be displayed from 20th to 21st November.
Gems lots with floor price from 500 euros to 20,000 euros will be sold through an open tender system whereas the items with floor price at 20,001 euros and above through competitive bidding.
The uncut jade stones with floor price set between 4,000 euros and 200,000 euros and finished jade stones with floor price set between 1,000 euros and 200,000 euros will be sold through an open tender system whereas the jade stones with floor price set 200,001 euros and above through competitive bidding.
Nearly 9,000 raw jade lots were exhibited at last year’s emporium, earning 900 million euros, whereas nearly 6,000 jade lots were displayed at the emporium held in June, fetching 520 million euros.—Myanmar News Agency